CHRISTCHURCH TRAMWAYS
FINANCIAL STATEMENT FOR THiw YEAH. FWEBS ASSOCIATION. OHHTSTGHXrKOII, April 6. A statement of the earnings and expenses of the Christchurch tramways for the year ended March 31st, 1903, was submitted to a meeting of the Tramways Board this afternoon. The position is shown to be as under:—
£ 8. d. £ B. d. Gross earnings from operations 91.183 13 6 Operating expenses ... 58.088 17 6 Not earnings ... 35.094 18 0 Deduct— 17,752 Q Sinking fund 2,051 0 19*803 14 5 Net income 13.291 3 7 Depreciation (3 per cent, on £405,000) 12,150 0 0 Fire insurance re476 10 0 Accident reserve ... 476 10 0 13.103 0 0 Net surplus £183 3 7
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Bibliographic details
New Zealand Times, Volume XXX, Issue 6488, 7 April 1908, Page 5
Word Count
112CHRISTCHURCH TRAMWAYS New Zealand Times, Volume XXX, Issue 6488, 7 April 1908, Page 5
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